TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Bitcoin Cash Price Analysis: BCH/USD marinates the next rally targeting $300

  • Bitcoin Cash pushes recovery with the first target at $220.
  • The 23.6% Fibo resistance must come down for BCH to rally towards $250 and $300 respectively.
Bitcoin Cash Price Analysis: BCH/USD marinates the next rally targeting $300
John IsigeJohn IsigeFXStreet

Bitcoin Cash is turning bullish amid expanding volatility. The general trend is the market sideways. Trading activity over the weekend remained drab. BCH/USD bulls tried to push for recovery towards $220 but stalled at $216.

While teetering at $212, BCH is settling above the moving averages. The confluence formed by the 50 SMA and the 100 SMA at $212 is key to ensuring the correction towards $220 continues.

The RSI and the MACD suggests that the sideways trading could last though the next sessions on Monday. However, a break above the 23.6% Fib level taken between the last swing high of $308.13 to a swing low of $198.61 will ignite the much awaited rally above $250 and heading to $300.

BCH/USD 1-hour chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

PI recovers from slump as investors buy the dip

PI recovers from slump as investors buy the dip

Pi Network rebounds by 2% at press time on Tuesday, regaining strength after a three-day decline. A renewed interest among investors, evidenced by outflows from Centralized Exchanges, backs the short-term recovery.

Hedera extends losses as bearish sentiment dominates

Hedera extends losses as bearish sentiment dominates

Hedera price extends its losses after falling nearly 4% the previous day. Weakening on-chain and derivatives data support a bearish outlook alongside an unfavourable technical outlook, suggesting a deeper correction for HBAR.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.